The Ethereum Foundation has sold 100 ETH at an average price of $2,640, totaling $260,000. This sale brings the total amount of ETH sold by the foundation since September to 1,050 ETH, worth $2.53 million. On-chain analyst ai_9684xtpa indicated via Twitter that the sale occurred on Tuesday, November 15, 2022. The analyst also noted that the Ethereum Foundation has been a net seller of ETH since September, indicating that the foundation is likely raising funds to support its operations. The Ethereum Foundation is a non-profit organization that supports the development of the Ethereum blockchain. The foundation provides funding for research and development, as well as educational resources and community outreach programs. The sale of ETH by the Ethereum Foundation is a reminder that even the largest and most well-funded organizations in the cryptocurrency space are not immune to the volatility of the market. However, the sale also demonstrates the foundation's commitment to supporting the long-term growth and development of the Ethereum ecosystem.